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Anheuser-busch Inbev Sa/nv — MillerCoors — Q1 2016 Earnings Presentation

13 slides from Anheuser-busch Inbev Sa/nv's earnings presentation, May 2016

  1. Slide 1: MillerCoors Q1 2016

    oe oeee “@ee0e ) - : ® in ce a. MillerCoahe 01 2016 * @ MillerCoors:

  2. Slide 2: American Light Lagers

    American Light Lagers Miller Lite and Coors Light • Improved volume performance • Both delivered flat volume for the first time since the joint venture 2

  3. Slide 3: Premium Regular

    Premium Regular Coors Banquet • Gained segment share • Low-single-digit growth 3

  4. Slide 4: Winning in Above Premium

    Winning in Above Premium • STRs finished up low-single digits 4

  5. Slide 5: Above Premium—Innovations

    Above Premium—Innovations • Henry’s Hard Orange has the best velocity in the Hard Soda category since the fourth week of the brand’s launch • Henry’s Hard Ginger Ale is the number-one ginger ale • Redd’s declined low-single digits 5

  6. Slide 6: Above Premium—Tenth and Blake

    Above Premium—Tenth and Blake Finished Q1 with low-single-digit decline 6

  7. Slide 7: Below Premium

    Below Premium • Decreased mid-single-digits for Q1 • Steel Reserve Alloy Series grew double digits 7

  8. Slide 8: MillerCoors Q1 2016

    oe oeee “@ee0e ) - : ® in ce a. MillerCoahe 01 2016 * @ MillerCoors:

  9. Slide 9: First Quarter Underlying Net Income

    First Quarter Underlying Net Income $304.6M $372.1M COGS/bbl Pricing Sales Mix Cost Savings STW Volume Q1 2015 Q1 2016 MG&A 9

  10. Slide 10: Domestic Net Revenue Per Barrel

    Domestic Net Revenue Per Barrel 1.6% 1.7% 1.2% 1.5% 1.5% 1.80% 1.60% 1.40% % Change vs. PY 1.20% 1.00% 0.80% 0.60% 0.40% 0.20% 0.00% Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Increase due to favorable net pricing and positive sales mix. 10

  11. Slide 11: Performance Results

    Performance Results Profit Net Sales STR Volume STW Volume -1.3% 22.2% 2.3% 1.3% 11

  12. Slide 12: Financial Highlights

    Financial Highlights Total cost of goods sold (COGS) per barrel decreased 5.0 percent for Q1. Marketing, General and Administrative costs increased 5.3 percent for Q1. Depreciation and amortization expenses were $117.1 million for Q1. 12

  13. Slide 13: MillerCoors Q1 2016

    oe oeee “@ee0e ) - : ® in ce a. MillerCoahe 01 2016 * @ MillerCoors:

MillerCoors — Q1 2016 Earnings Presentation on 6ix